TikTok's U.S. Deal with Oracle and Investors: What It Means for Users
TL;DR Summary
TikTok has reached an agreement to transfer majority control of its US operations to American investors, forming a joint venture with Oracle, Silver Lake, and MGX, which aims to address US security concerns and comply with government regulations, potentially allowing the platform to continue operating in the US while maintaining control over user data and content moderation.
- What the deal between TikTok and US investors means for users ABC News
- TikTok signs deal to give U.S. operations to Oracle-led investor group NPR
- Oracle stock jumps 7% as cloud provider joins investor group to run TikTok's U.S. business CNBC
- Explainer: What is so special about TikTok's algorithm? Reuters
- TikTok signs deal to sell U.S. unit to American investors, including Oracle and Silver Lake PBS
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